Brokerages Set BWX Technologies, Inc. (NYSE:BWXT) PT at $89.00

BWX Technologies, Inc. (NYSE:BWXT) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $92.43.

A number of equities analysts have issued reports on the stock. Bank of America raised their price objective on shares of BWX Technologies from $82.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. StockNews.com cut shares of BWX Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BWX Technologies from $111.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Truist Financial reaffirmed a “hold” rating and issued a $95.00 target price (down from $110.00) on shares of BWX Technologies in a report on Monday, March 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James & Associates grew its position in shares of BWX Technologies by 4.2% during the 4th quarter. Raymond James & Associates now owns 368,827 shares of the technology company’s stock worth $28,300,000 after purchasing an additional 14,973 shares in the last quarter. Jennison Associates LLC grew its position in shares of BWX Technologies by 24.1% during the 4th quarter. Jennison Associates LLC now owns 248,250 shares of the technology company’s stock worth $19,048,000 after purchasing an additional 48,170 shares in the last quarter. California Public Employees Retirement System grew its position in shares of BWX Technologies by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 387,038 shares of the technology company’s stock worth $29,697,000 after purchasing an additional 12,803 shares in the last quarter. FMR LLC grew its position in shares of BWX Technologies by 1.8% during the 3rd quarter. FMR LLC now owns 1,884,236 shares of the technology company’s stock worth $141,280,000 after purchasing an additional 32,664 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of BWX Technologies by 11.3% during the 3rd quarter. Citigroup Inc. now owns 67,250 shares of the technology company’s stock worth $5,042,000 after purchasing an additional 6,853 shares in the last quarter. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Down 12.0 %

Shares of BWXT opened at $87.06 on Friday. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 3.10 and a beta of 0.75. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.29. BWX Technologies has a 12 month low of $60.17 and a 12 month high of $107.18. The company has a 50-day moving average price of $98.77 and a two-hundred day moving average price of $86.32.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $603.97 million during the quarter, compared to analyst estimates of $599.92 million. BWX Technologies had a net margin of 9.85% and a return on equity of 32.38%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. Equities analysts predict that BWX Technologies will post 3.14 EPS for the current fiscal year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 17th will be issued a $0.24 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.96 annualized dividend and a yield of 1.10%. BWX Technologies’s dividend payout ratio is currently 35.69%.

About BWX Technologies

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.